HP reveals plans to shed another 5,000 jobs worldwide

An HP logoHP has revealed it is to cut an additional 5,000 jobs worldwide as it continues to try and streamline its business in the face of ongoing financial upheavals.

HP revealed plans in May 2012 to cut 29,000 jobs but in a filing with the Securities and Exchange Committee (SEC) this week, the firm admitted this number is likely to rise due to the need to make further cost savings.
“Due to continued market and business pressures, as of October 31, 2013, HP expects to eliminate an additional 15 percent of those 29,000 positions, or a total of approximately 34,000 positions,” it said.

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About Doru Somcutean

Hello, my name is Somcutean Doru and I'm from Romania.

I really like to read reviews and see what's new about technology, on D-BLOG I share with you articles/reviews that I find interesting. I also write some reviews in romanian...

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